The Russia-China Investment Fund supports Detsky Mir ABB

Press release, 12.12.2017

Moscow, 12 December 2017 - The Russia-China Investment Fund (RCIF, established by the Russian Direct Investment Fund and China Investment Corporation (CIC)) today participated in the Accelerated Book Building (ABB) of Detsky Mir (the “Company”). RCIF was able to attract a number of international partners to participate in the transaction, including funds raised from China, Europe, United Kingdom, United States and Middle East.

During the course of the transaction, RCIF and Sistema, the largest shareholders in Detskiy Mir, sold 6.3% of the Company’s ordinary shares to new investors. RCIF and Sistema remain the largest shareholders in the Company and their holdings currently exceed a controlling stake.

The sale of part of its stake in Detsky Mir is in line with RCIF’s strategy regarding portfolio company development. Carrying out this transaction will accelerate the Company’s capital development through increasing liquidity and making it more attractive to both large Russian and international investors.

Kirill Dmitriev, Co-CEO of the Russia-China Investment Fund (RCIF), said:
“We believe in the success of the Detsky Mir business model and want to continue to support the Company’s ongoing development by remaining one of its largest shareholders. Since the IPO, its shares have demonstrated stable growth, and the management of Detsky Mir have demonstrated great success in carrying out their duties. We are pleased to note that the current placement of Detsky Mir has attracted interest from foreign investors equal to that of domestic. Their participation in the capital structure of the company will contribute to its further development.”

Hu Bing, Co-CEO of RCIF, said:
“RCIF will remain the largest minority shareholder in Detsky Mir. The investment in Detsky Mir has become an important success story for Chinese investment into Russia and demonstrates the strong interest in investing in the country. It also demonstrates the growing interest of international investors, including Chinese commercial banks and institutional investors, in Russian assets and in both public and private projects.”

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The Russia-China Investment Fund (RCIF) was established by the Russian Direct Investment Fund and China Investment Corporation (CIC). RCIF activity aims to promote bilateral trade and economic and investment cooperation between Russia and China. The fund received $2 billion in commitments from RDIF and CIC in equal share. Further information can be found at: www.rcif.com

For additional information contact:
Arseniy Palagin
Russian Direct Investment Fund
Press Secretary
Tel: +7 495 644 34 14, ext. 2395
Mobile: +7 916 110 31 41
E-mail: arseniy.palagin@rdif.ru

Andrew Hayes / Elena Garside
Hudson Sandler
Tel: +44 (0) 20 7796 4133

Jessy Zheng
Russia-China Investment Fund
Beijing, China
Tel.: +86 10 5762 9000
Fax: +86 10 57629111
jie.zheng@rcif.com

Yury S. Trofimov
Russia-China Investment Fund
Moscow, Russia
Tel.: +7 (495) 230-05-55 ext. 4243
Mob.: +7 (985) 765-13-12
yury.trofimov@rcif.com